This Retirement Expense Could Cost You $335,000
Retirement is incredibly expensive, and most workers aren't nearly prepared enough to cover all the costs. The average worker expects to need around $1.7 million to make it through retirement, according to a survey from Charles Schwab. And yet half of adults over the age of 55 don't have any retirement savings at all, according to a report from the U.S. Government Accountability Office.
Most of the costs you'll face in retirement are everyday living expenses -- your mortgage or rent, groceries, transportation costs, etc. Then if you plan on traveling or trying out new hobbies, those are additional expenses you may face. But there's one cost many workers don't consider when planning for retirement, and it comes with a hefty price tag: Healthcare.
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Source Fool.com
